Investors: TD Investment Services

Investor Rights

Our investors reserve the right to the following:
 
1.
Due Diligence: Our investors exercise appropriate Due Diligence in consideration of a loan, regardless of your borrower's credentials and/or the merits of the property, and do so in whatever manner and time frame may be required to properly consider and administer the loan request. Translation: no guaranteed funding within any set time frame, period.
2.
Value Determination: Our investor may request an appraisal of the property to verify fair market value by an appraiser of his choosing and credentials, or a review of an existing appraisal to determine fair market value. Further, to deny a loan based on an inflated appraisal, unrealistic stated value or super-appreciated value as compared to the acquisition price. An acceptable LOE, appraisal, and/or and other documentation may be required to support questionable acquisition cost versus stated or documented fair market value, particularly where reasonable comps cannot be documented.
3.
Income Doc: It is illegal for any party to make a loan secured by real estate to any borrower who does not or cannot demonstrate the ability to repay the loan according to the terms of the Note. Our investor may request proof of the borrower's ability to repay the loan under the terms of the “Note” and to deny an application for a loan whereby the applicant cannot reasonably demonstrate the ability to repay, if requested.
4.
Additional Documentation: Our investors may request additional documentation of rents, income / operating expense, deferred maintenance, or other issues applicable to commercial, mixed-use properties, and land leased for rental income.
5.
Determination of Marketability: Our investors may refuse a loan request for a property the investor considers being non-marketable or difficult to resell at a profit in the event of a foreclosure.
6.
Right to Favorable Terms: Our investors may approve a loan based on a rate, LTV, CLTV, conditions, restrictions, terms, and fees favorable to the investor (and within state lending law and limitations), and not the applicant or broker.
7.
Right to Limit Commissions Paid: Since it is the investor that pays points initially to the broker, it is within the investor’s right to limit how many points may be paid to the broker. We have an established fee policy -- see "Maximum Broker Fees".
8.
Denial Based on Debt Service: Our investors may refuse to make a subordinate loan behind a very large or private existing 1st or 2nd Trust Deed (high-risk "debt service").
9.
Right to Interest Reserve: Our investors may require or provide by request an "interest reserve" for a predetermined period of time at his/her discretion. Interest reserves are common for hard money construction and rehab loans, but may be required on other property and transactions as well.
10.
Right to Prepayment Penalty: Our investors may require a prepayment penalty for a predetermined period of time, or to require additional interest or points for waiver of prepayment penalty.
11.
Right to Cross-Collateralized Security: Our investors may require cross-collateralization of other acceptable REO at his/her discretion.
12.
Right to Cancel: Our investor may cancel a loan if the applicant or broker cannot or do not produce required documentation or meet other conditions in a timely manner, or to cancel for any other reason, without written notification to broker or borrower.
13.
Right of Assignment and Third Party Services: Our investors may assign a separate servicer and/or Trustee for the loan, use a specific title and/or escrow company, appraiser, or other third-party service provider for the transaction at his/her discretion.
14.
Right to Borrower Access: Our investors may speak directly with your borrower about the loan if so desired. Likewise, our investor may refuse to be contacted by the borrower.

Good Deeds You Can Trust™
TD Investment Services
Overview
About Us
How We Work
New Origination
Underwriting
Due Diligence
FAQ
Getting Started
General
Investor Summary Notes
Investor Rights
Investment Profile
Investment Management
Risks
Default
Foreclosure


 
   

   
Equal Housing Opportunity Lender
A Financial Services Company
Copyright © 2008 Hanover Mortgage Company.
     
   

Hanover Mortgage is licensed for California only.

Disclosure: Money invested through a mortgage broker is not guaranteed to earn any interest or return and is not insured. State law dictates that we acknowledge that interest on trust deeds is not guaranteed. No investment is completely risk free and past performance is not a guarantee of future results. Before investing, investors must be provided applicable disclosure documents. Disclaimer: Private lending collateralized by Deeds of Trust is not suitable for every investor. This information does not constitute an offer to sell Deeds of Trust or a solicitation to sell securities. Private lending collateralized by Deeds of Trust involves substantial risk; before investing you should consult with a qualified financial advisor to determine whether such (risk) is suitable for your investment objectives. By accessing any page within the Investor Resource Center, you acknowledge you have read this disclaimer, and you understand if you click on a link to any listed organization you will be redirected to a non-HanoverMC Web site. You also acknowledge it is solely your decision to choose to work with any person or firm identified within these web pages. You, therefore, agree to hold HanoverMC and its officers, directors, members, employees and agents, harmless from any adverse consequences of any dealings with the individuals and firms listed herein. Mortgage Broker fees will apply unless stated otherwise. California Department of Real Estate, real estate broker license number 00428961. All Rights Reserved.